City | Deficit Through 2012 | Budget in Fiscal 2012 | Annual Budget Shortfall |
|---|---|---|---|
| Detroit | $155 million | $3.11 billion | 5.0% |
| Honolulu | $100 million | $1.93 billion | 5.1% |
| New York City | $4.58 billion | $65.7 billion | 7.0% |
| Chicago | $636 million | $8.2 billion | 7.7% |
| Cincinnati | $60 million | $1.2 billion | 5.0% |
| Camden, N.J. | $28 million | $138 million | 20.2% |
| Los Angeles | $457 million | $6.9 billion | 6.6% |
Source: Wealthwire, Reuters, Yahoo! Finance.
Read more: http://www.fool.com/investing/general/2012/03/01/was-meredith-whitney-right-about-municipal-bonds.aspx#ixzz1nycJk9qh
NYC will get the bailout, the Senate, with the help of my 1/5 of a Senator, Babs Boxer, will say screw you Los Angeles
This gem:
Forget Los Angeles by itself; the entire state of California is in dire straits. Gov. Jerry Brown recently stated that without strict austerity measures, California could be unable to pay $3.3 billion in bills by March. The state appears to have run out of money three months ahead of what lawmakers had predicted.
Read more: http://www.fool.com/investing/general/2012/03/01/was-meredith-whitney-right-about-municipal-bonds.aspx#ixzz1nyd8O8ot
Californians normally pay the bills for Big Government Republicanism, not this time. Texas is going to pay, Texas has sent the last Big Government Republican to DC, they can pay his bills.
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